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PREPA bankruptcy appears headed to litigation as board breaks off talks

Judge Swain on Wednesday will consider the Oversight Board's proposal to commence litigation on creditor claims. ....

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PREPA seeks rate increases amid restructuring negotiations

Any new debt deal already would require rate increases to cover debt service on the authority’s roughly $9 billion of debt. ....

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Oversight Board's Peterson: new PREPA deal will bypass local government

A status report on the PREPA deal is due by noon on Friday. ....

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Puerto Rico board rejects legislative effort to renegotiate PREPA deal

The board also says the bondholders' proposed deadlines for completing a restructuring are too tight. ....

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Puerto Rico Oversight Board passes fiscal plan with 18% more spending

More federal Medicaid funding and higher-than-expected economic growth will lead to more revenues, the board expects. ....

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